Wednesday, October 24, 2018

10/24/18 - EOD Update

Been a while. "Life" has gotten in the way and honestly the market over the last several months since my last post was just churning in a wave iv.

I think after breaking out in July this year, it finally looks like wave 3 may have completed. What the market may be doing at the moment is forming wave 4. What form will wave 4 take, i.e. flat, triangle, combo corrective? We shall see.

2520 would be a 38% retracement of wave 3 and bring wave 4 down near the lower levels of wave iv's previous triangle. We'll see if the market is shooting for this level.

SPX - Daily

blog comments powered by Disqus